Star Diamond Corp T.DIAM

Alternate Symbol(s): SHGDF

Metals & Mining Industrial Metals & Minerals

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).

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Star Diamond Corp

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Comment by Grizzly44on Apr 17, 2011 11:42am

529 Views

Post# 18443038

RE: Sunday Salivations.

Smallblock, a good post and we also know that Candle Lake has a few good pipes.
The number of years of mine life, when there are so many years of mining there, is not as important, in my view, as the annual cash flow and profits generated.
40,000 tons a day at 15 +/- cpht at $X per carat at $14 a ton to mine. mill and administer = earnings and divide that my the number of outstanding shares to get the PE ratio and then apply a 15 to 20 earnings multiple.
It is tough to come up with less than $20 a share.
SOOOOOOO a mine life of over a hundred years and a cash flow that will choke a horse.
Regards,
The Grizz
Thanks Smallblock for your informed and well researched posts.

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